Is it better to rent or buy? Well, Denver happens to be one of three cities "clearly in rent territory" because of skyrocketing home prices, says a report from Florida Atlantic University and Florida International University.
Researchers there created an index to advise what's going to earn you more money in the long term--owning a home or renting and investing your money elsewhere.
Since 2000, Denver has mostly been in the "rent" category.
But that's no picnic either. The average rental rate for three-bedroom, single family homes was $1,679 in the first quarter of 2015. That's a rise of 12 percent, the Denver Business Journal reports.
You want to know what is really going on these days, especially in Colorado. We can help you keep up. The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!